March 3 (Reuters) - British engineering firm Senior Plc ( SNIRF )
on Monday said that it was in advanced negotiations with
a small number of interested parties for the sale of its
aerostructures business, which the company also expects to turn
profitable this year.
The supplier to Boeing ( BA ) and Airbus has
benefited from increased demand for new and replacement aircraft
parts, as commercial flying recovers to pre-pandemic levels and
production, and supply chain snags at top customers stabilise.
Aerostructures forms part of Senior's majority Aerospace
unit, which builds and supplies aircraft parts to jet makers
across commercial and defence use.
The company expects the sub-unit to make an operating profit
of 9 million to 11 million pounds ($11.3 million to $13.9
million) for 2025.
($1 = 0.7943 pounds)